Which of the following statements is correct regarding the legislative allocation of co-operative societies in the Constitution of India?

Correct option is A

Correct Answer: (a) It is a subject in the State List.
Explanation
· Co-operative societies are listed under Entry 32 of the State List (List II) in the Seventh Schedule of the Constitution.
· This means State Legislatures have the primary power to make laws regarding co-operative societies operating within the state.
Information Booster
· The 97th Constitutional Amendment (2011) attempted to give constitutional status to co-operatives and insert Part IX-B, but:
· In 2021, the Supreme Court ruled that the amendment cannot apply to State co-operatives without ratification by states.
· Therefore, co-operatives remain a State subject.
Additional Knowledge
· Multi-State Co-operative Societies fall under the Union List (Union jurisdiction).
· Part IX-B (Articles 243-ZH to 243-ZT) applies only to multi-state co-operatives, not state co-operatives.
· Art. 43B (DPSP) encourages promotion of voluntary, democratic co-operative functioning.